Required Information Use the following information for the Qulck Study below. (Algo) [The following information applies to the questions displayed below] The fixed budget for 22,000 units of production shows sales of $550,000; variable costs of $66,000; and fixed costs of 5141,000. QS 23-3 (Algo) Flexible budget income calculation LO P1 If the company actually produces and seils 26,600 units, calculate the flexible budget income. QS 23-4 (Algo) Flexible budget performance report LO P1 The company's actual sales were 26,600 units at $622,000. Actual varlable costs were $113,400 and actual fixed costs were $133,000. Prepare a flexible budget perlormance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)